Loans

Our loan officers specialize in commercial lending. Let them help you with all of your financial needs! They will provide advice and guidance to help your business become established and to grow profitably.

Maximum loan amount of $4 - $5.5 million depending upon how funds will be used and which goal they support: job creation, public policy or small manufacturing

Interest rates are pegged to an increment above the current market rate for 5-year and 10-year U.S. Treasury issues

SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000

Qualifications:

Applicants must operate as a for-profit company and do business in the United States. For a complete list of eligibility requirements, click here.

Funds must be used for job creation, meeting public policy goals of energy reduction or alternative fuels or to aid small manufacturing in creating or retaining jobs or in order to improve the economy.

Maturity terms or 10 and 20 years are available.

Ohio Department of Development

The Collateral Enhancement Program (CEP)
Designed to enable financing that might otherwise be unavailable due to a collateral shortfall for small businesses, minority- and women-owned businesses, and businesses located in HubZone areas that need access to capital for growth or expansion.
Qualifications:

Small businesses with fewer than 250 employees and revenue equal to or less than $20 million.